Automated social trade copying service allowing traders to subscribe and copy other trading systems directly into a Global Prime trading account.
Autotrade allows you to view and compare over 40 different systems and their track record. Systems are ranked based on the lowest risk with the highest profit vs consistent growth offering one of the largest selections of financial indicators and statistics compared to other social trading platforms.
What makes Myfxbook AutoTrade a great tool for copy trading?
- Systems selected fulfil a rigorous screen processing, satisfying the below requirements.
- Must trade from a MetaTrader 4 account with real money (No demo accounts).
- Connected to Myfxbook for at least 3 months and executed at least 100 trades.
- Minimum account balance of $1,000.
Historical drawdown must be less than 50%.
- Average trade time must be more than 5 minutes.
- Average pip win per trade must be at least 10 pips.
- Historical drawdown must be less than 50%.
- Historical return on account must be higher than 10% and higher than the maximum drawdown.
- Does not allow systems that use martingale/grid techniques
- Systems provide accurate statistics on performance, drawdown over a certain amount of time, best and worst trades, average trade duration, Sharpe ratio, standard deviation, profit factor and much more.
- Instantaneously trade mirroring from signal provider
- No software needed – AutoTrade is hosted on internally managed servers